Fenkell Apartments

Investment Overview

Introducing Fenkell Apartments, a 48-unit multifamily investment opportunity at 23411 Fenkell Ave., Detroit, MI. The 54,309 SF property sits on 2.27 acres and features a well-maintained courtyard, new exterior lighting, separate electric metering, refurbished boilers, and balconies rebuilt to city code. Offering a mix of 22 one-bedroom and 26 two-bedroom units, the property is ideally located in a densely populated area with convenient access to shopping, employment centers, and everyday amenities, making it an excellent opportunity for investors.

Investment Highlights

• 48-unit multifamily apartment community
• 54,309 SF building situated on 2.27 acres
• Unit mix of 22 one-bedroom and 26 two-bedroom apartments
• Separate electric metering for each unit
• Recently refurbished boilers
• Balconies rebuilt to current city code
• Well-maintained courtyard and new exterior lighting
• Gated community with ample on-site parking
• Strong value-add investment opportunity with upside through operational efficiencies
• Convenient access to major roadways, shopping, employment centers, and public transportation
• Located in a densely populated West Detroit neighborhood with consistent rental demand
• Taxes based on Pilot Program